Opinions
The Panic-Proof Portfolio (Stockchase Research)
BW LPG Limited
BWLP-N
TOP PICK
Oct 10, 2024
$15.540
Stock price when the opinion was issued
oil
gas
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
BWLP is the world's largest shipper of propane and other LPG, based out of Singapore. Management reports charter rates are expected to be on the rise in the months ahead after facing challenges this summer. It trades at 7x earnings, 1.3x book and supports a 33% ROE. The company targets paying out a high percentage of free cash flow as a dividend. We recommend setting a stop-loss at $13, looking to achieve $19 -- upside potential of 18%. Yield 15%